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Eth All Target done Eth reached 3440 profit 120%๐ค๐ค๐๐ค
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๐If you want to make profit like this just Follow me. So you will not miss any signals and chart analysis.
Follow and like for more. Thanks
Those who make profit now celebrate ๐๐.
$ETH #ETHETFS #ETH_Market_Update #ETHPrice #ethpump #ETHUSDT
No 1 on Binance Feed
No 1 results ๐
๐If you want to make profit like this just Follow me. So you will not miss any signals and chart analysis.
Follow and like for more. Thanks
Those who make profit now celebrate ๐๐.
$ETH #ETHETFS #ETH_Market_Update #ETHPrice #ethpump #ETHUSDT
MASSIVE!! $ETH ETF IS INCOMING! ๐ฅ Hong Kong Takes A Big Advantage As First Mover & Here Is Why ๐
Hong Kong will launch Bitcoin AND Ether ETFs on April 30! That's a massive milestone that will allow investors to bet on cryptocurrency prices without owning them directly. Basically, these ETFs will make investments simpler and more secure. What's really surprising is the approval on Ether ETF, because Hong Kong has anticipated regions like the US. In my opinion, this move demonstrates Hong Kong's proactive effort to capitalize on new investment opportunities and also the willingness to become a global hub for digital assets. In fact, it will attract both local and international investors! Experts even predict that these ETH ETFs could attract up to $25 billion (just from Chinese investors) !
What Will Happen To Ether's Price? ๐ค Let Me Know In the Comments!
STAY TUNED!๐ฅ& Remember, Your Support Is MASSIVELY Appreciated!๐๐ช Don't Forget To Share It To Your Buddy! ๐ - DYOR ๐ NFA.๐ค
#EthereumETF #EthereumUpdate #ETHPrice
Hong Kong will launch Bitcoin AND Ether ETFs on April 30! That's a massive milestone that will allow investors to bet on cryptocurrency prices without owning them directly. Basically, these ETFs will make investments simpler and more secure. What's really surprising is the approval on Ether ETF, because Hong Kong has anticipated regions like the US. In my opinion, this move demonstrates Hong Kong's proactive effort to capitalize on new investment opportunities and also the willingness to become a global hub for digital assets. In fact, it will attract both local and international investors! Experts even predict that these ETH ETFs could attract up to $25 billion (just from Chinese investors) !
What Will Happen To Ether's Price? ๐ค Let Me Know In the Comments!
STAY TUNED!๐ฅ& Remember, Your Support Is MASSIVELY Appreciated!๐๐ช Don't Forget To Share It To Your Buddy! ๐ - DYOR ๐ NFA.๐ค
#EthereumETF #EthereumUpdate #ETHPrice
2024 Ethereum Minimum Target $10,000
Minimum target of $10,000 (+343%) and a maximum of $20,000 (+786%) for #ETH in 2024.
๐ Notably
Ethereum whales are accumulating with the top 150 wallets now holding a record 56.25 million ETH, per Santiment. ๐ณ Exchange wallets at their lowest since June 2018, indicating strong hodling sentiment.
Despite a recent local bottom around $2,100, Credible Crypto suggests a possible short-term correction to $2,160 before a move towards $2,400.
Exciting times ahead for the #Ethereum community! What are your thoughts on these predictions?
#CryptoNews #Blockchain #ETHPrice
Minimum target of $10,000 (+343%) and a maximum of $20,000 (+786%) for #ETH in 2024.
๐ Notably
Ethereum whales are accumulating with the top 150 wallets now holding a record 56.25 million ETH, per Santiment. ๐ณ Exchange wallets at their lowest since June 2018, indicating strong hodling sentiment.
Despite a recent local bottom around $2,100, Credible Crypto suggests a possible short-term correction to $2,160 before a move towards $2,400.
Exciting times ahead for the #Ethereum community! What are your thoughts on these predictions?
#CryptoNews #Blockchain #ETHPrice
๐ $BTC closed the first month of #2024 with a slight increase of +0.87%.
The price change for $ETH at the end of January was +0.13% ๐
Let's hope we'll see double-digit increases in February! ๐
#ETHPrice #BTCPrice #bitcoinprice
The price change for $ETH at the end of January was +0.13% ๐
Let's hope we'll see double-digit increases in February! ๐
#ETHPrice #BTCPrice #bitcoinprice
The Hidden Cause of Ethereumโs Sudden Price Collapse: #MEVMANIPULATION
Ethereum( $ETH )dropping nearly 5% in an hour, suspected MEV manipulation by Symbolic Capital Partners.
Ethereum faced a nearly 5% crash in one hour this Thursday, despite the anticipation around the approval of spot Ethereum exchange-traded funnels (ETFs) in the US. The X user identified as ai\_9684xtpa glaringly pointed out that this was likely a market manipulation motion by the trading firm Symbolic Capital Partners.
โThe agency vending 6,968 ETH in one minutes at 20:56, worth $27.38 million, with a average selling offering of $3,930; one transaction vended 3,497 ETH on the chain at one time, and the payoff cost was as overly high as 90 ETH,โ expressed ai\_9684xtpa.
Such transactions are known as MEV, short for โmaximal extractable value,โ that consists of using on-chain resource to profit. The payment of 90 ETH suggests a rush to vend the position at a higher price to make it crash, possibly to re-buy it at a lower price.
Since the crash, Ethereum has ranged in and out of the $3,800 pricing level and is valued at $3,803.37 at the time of writing, nearly 22% away from its prior all-time high.โItโs happeningโ
As given by Bloomberg ETF analyst James Seyffart, an approval of spot Ethereum ETFs is happening this Thursday. Despite the meek odds given to this scenario until last Monday, Seyffart and his fellow Bloomberg analyst Eric Balchunas spruced the chance to 75% after the SEC began contacting the issuers.
Since then, various assetful management firms presented amendations to their 19b-4 filths, and VanEckโs Ethereum spot ETF even got listed on DTCC under the ticker $ETHV. The first final deadline is today, as the US regulator must decide on VanEckโs application.
Additionally, according to Balchunas, the SECโs decision on spot Ethereum ETFs might come at 4 pm (EST). Although a positive outcome is awaited, it doesnโt mean immediate approval for trading.
Let me know your thoughts on this!
$ETH
#EthereumCrash #CryptoNews๐๐ฅ" #ETHPrice #BlockchainTrading
Ethereum( $ETH )dropping nearly 5% in an hour, suspected MEV manipulation by Symbolic Capital Partners.
Ethereum faced a nearly 5% crash in one hour this Thursday, despite the anticipation around the approval of spot Ethereum exchange-traded funnels (ETFs) in the US. The X user identified as ai\_9684xtpa glaringly pointed out that this was likely a market manipulation motion by the trading firm Symbolic Capital Partners.
โThe agency vending 6,968 ETH in one minutes at 20:56, worth $27.38 million, with a average selling offering of $3,930; one transaction vended 3,497 ETH on the chain at one time, and the payoff cost was as overly high as 90 ETH,โ expressed ai\_9684xtpa.
Such transactions are known as MEV, short for โmaximal extractable value,โ that consists of using on-chain resource to profit. The payment of 90 ETH suggests a rush to vend the position at a higher price to make it crash, possibly to re-buy it at a lower price.
Since the crash, Ethereum has ranged in and out of the $3,800 pricing level and is valued at $3,803.37 at the time of writing, nearly 22% away from its prior all-time high.โItโs happeningโ
As given by Bloomberg ETF analyst James Seyffart, an approval of spot Ethereum ETFs is happening this Thursday. Despite the meek odds given to this scenario until last Monday, Seyffart and his fellow Bloomberg analyst Eric Balchunas spruced the chance to 75% after the SEC began contacting the issuers.
Since then, various assetful management firms presented amendations to their 19b-4 filths, and VanEckโs Ethereum spot ETF even got listed on DTCC under the ticker $ETHV. The first final deadline is today, as the US regulator must decide on VanEckโs application.
Additionally, according to Balchunas, the SECโs decision on spot Ethereum ETFs might come at 4 pm (EST). Although a positive outcome is awaited, it doesnโt mean immediate approval for trading.
Let me know your thoughts on this!
$ETH
#EthereumCrash #CryptoNews๐๐ฅ" #ETHPrice #BlockchainTrading
Spot ETH ETFs speculation
57%
MEV Manipulation
13%
General Market Volatility
17%
Regulatory uncertainties
13%
23 votes โข Voting closed
$BTC $ETH #JPMorgan Analysis Points to Potential Downward Pressure on Bitcoin Price
JPMorgan's recent analysis suggests that if investors continue selling shares of the Grayscale Bitcoin Trust (GBTC), Bitcoin's price might experience additional downward pressure in the coming weeks, as reported by The Block.
The Grayscale Bitcoin Trust recently converted to a spot Bitcoin ETF, witnessing substantial outflows exceeding $1.5 billion. JPMorgan's previous estimation indicated outflows of up to $3 billion, primarily driven by speculative investors selling shares for profit.
In a note on Thursday, JPMorgan analyst Nikolaos Panigirtzoglou commented, "If the previous estimate of $3 billion proves correct and $1.5 billion has already exited, then there could be an additional $1.5 billion exiting the Bitcoin space through GBTC profit-taking, giving further support to Bitcoin in the coming weeks. Prices are under pressure."
Analysts suggest that GBTC investors, anticipating the ETF switch, have been buying shares at a discount to net asset value over the past year. The recommendation is to "reap full profits by completely exiting your Bitcoin position after an ETF switch, rather than switching to a cheaper spot Bitcoin ETF." This analysis underscores the potential impact of investor behavior on Bitcoin's near-term trajectory. #BTC #ETHPrice #ETFs
JPMorgan's recent analysis suggests that if investors continue selling shares of the Grayscale Bitcoin Trust (GBTC), Bitcoin's price might experience additional downward pressure in the coming weeks, as reported by The Block.
The Grayscale Bitcoin Trust recently converted to a spot Bitcoin ETF, witnessing substantial outflows exceeding $1.5 billion. JPMorgan's previous estimation indicated outflows of up to $3 billion, primarily driven by speculative investors selling shares for profit.
In a note on Thursday, JPMorgan analyst Nikolaos Panigirtzoglou commented, "If the previous estimate of $3 billion proves correct and $1.5 billion has already exited, then there could be an additional $1.5 billion exiting the Bitcoin space through GBTC profit-taking, giving further support to Bitcoin in the coming weeks. Prices are under pressure."
Analysts suggest that GBTC investors, anticipating the ETF switch, have been buying shares at a discount to net asset value over the past year. The recommendation is to "reap full profits by completely exiting your Bitcoin position after an ETF switch, rather than switching to a cheaper spot Bitcoin ETF." This analysis underscores the potential impact of investor behavior on Bitcoin's near-term trajectory. #BTC #ETHPrice #ETFs
$ETH surged 29% in the past 7 days, adding $104B to its market cap, now at $453B.
Thatโs more than the market cap of $SOL and $TON combined ๐ณ
#ETHPrice #ETHETFS #ETHPriceSurge #TrendingTopic
Thatโs more than the market cap of $SOL and $TON combined ๐ณ
#ETHPrice #ETHETFS #ETHPriceSurge #TrendingTopic
The Potential Impact of Weak and Slow Reforms on Ethereum's Price in 2024
1. The upgrade for The Dencun appears to offer only a temporary solution at best.
2. Ethereum users are increasingly turning to Layer-2 Solutions to enjoy cost-effective transactions.
3. Solana emerges as a formidable competitor and potential successor, posing a significant challenge to Ethereum's dominance.
The Ethereum blockchain has encountered persistent challenges over an extended period. Characterized by exorbitant transaction costs, sluggish network speeds, and infrequent upgrades, its last major transition occurred in 2022, transitioning from Proof of Work to Proof of Stake.
The prolonged intervals between upgrades not only compromise security but also create opportunities for alternative platforms to seize market share. Solana emerges as a formidable contender poised to potentially succeed Ethereum.
Minimal Activity on Ethereum
Throughout 2023, Ethereum experienced minimal activity, marked by minor updates to its whitepaper. The much-anticipated Dencun upgrade, aimed at reducing gas fees, faced delays, undergoing its inaugural testing only in 2024, instead of the intended launch in 2023.
Ethereum's price stagnation relative to Bitcoin can be attributed to several factors, including the ongoing challenge of obtaining ETF approval in 2024. Additionally, Bitcoin's integration of NFT-like capabilities and the launch of the first blockchain-based SNES game further diversified its appeal.
Challenges Stemming from Delayed Action
Compared to other blockchains, Ethereum suffers from high gas fees due to its limited transaction throughput of 10-15 TPS. Intense competition for transaction processing exacerbates costs.
Efforts to alleviate high fees, such as the Surge upgrade, have been hindered by prolonged execution timelines. Even interim measures, like "Proto-Dank Sharding," aimed at temporary relief, face implementation delays. The ultimate solution, chain Sharding, remains distant.
Unconventional Measures by Vitalik Buterin
Vitalik Buterin's proposal to increase Ethereum's gas limit by 33% in January 2024 risks exacerbating already high fees, as evidenced by the prevailing average gas fees for various blockchain actions.
Beneficiaries: Solana and L2 Solutions
Amid Ethereum's sluggishness, layer-2 scaling solutions emerge as beneficiaries. However, concerns persist regarding their security, exemplified by incidents such as Optimism's $20 million token loss in June 2022.
Should Ethereum's shortcomings persist, Solana stands to gain significantly. Boasting superior transaction speeds and recent successes in NFT sales and stablecoin volumes, Solana presents a compelling alternative to Ethereum.
Disclaimer: While Voice of Crypto endeavors to provide accurate information, readers are encouraged to conduct their own research and exercise caution due to the volatile nature of cryptocurrencies. We disclaim liability for any missing or inaccurate information.
#ETHPrice #SOL #Ethereum #solana #Ethereum2024
2. Ethereum users are increasingly turning to Layer-2 Solutions to enjoy cost-effective transactions.
3. Solana emerges as a formidable competitor and potential successor, posing a significant challenge to Ethereum's dominance.
The Ethereum blockchain has encountered persistent challenges over an extended period. Characterized by exorbitant transaction costs, sluggish network speeds, and infrequent upgrades, its last major transition occurred in 2022, transitioning from Proof of Work to Proof of Stake.
The prolonged intervals between upgrades not only compromise security but also create opportunities for alternative platforms to seize market share. Solana emerges as a formidable contender poised to potentially succeed Ethereum.
Minimal Activity on Ethereum
Throughout 2023, Ethereum experienced minimal activity, marked by minor updates to its whitepaper. The much-anticipated Dencun upgrade, aimed at reducing gas fees, faced delays, undergoing its inaugural testing only in 2024, instead of the intended launch in 2023.
Ethereum's price stagnation relative to Bitcoin can be attributed to several factors, including the ongoing challenge of obtaining ETF approval in 2024. Additionally, Bitcoin's integration of NFT-like capabilities and the launch of the first blockchain-based SNES game further diversified its appeal.
Challenges Stemming from Delayed Action
Compared to other blockchains, Ethereum suffers from high gas fees due to its limited transaction throughput of 10-15 TPS. Intense competition for transaction processing exacerbates costs.
Efforts to alleviate high fees, such as the Surge upgrade, have been hindered by prolonged execution timelines. Even interim measures, like "Proto-Dank Sharding," aimed at temporary relief, face implementation delays. The ultimate solution, chain Sharding, remains distant.
Unconventional Measures by Vitalik Buterin
Vitalik Buterin's proposal to increase Ethereum's gas limit by 33% in January 2024 risks exacerbating already high fees, as evidenced by the prevailing average gas fees for various blockchain actions.
Beneficiaries: Solana and L2 Solutions
Amid Ethereum's sluggishness, layer-2 scaling solutions emerge as beneficiaries. However, concerns persist regarding their security, exemplified by incidents such as Optimism's $20 million token loss in June 2022.
Should Ethereum's shortcomings persist, Solana stands to gain significantly. Boasting superior transaction speeds and recent successes in NFT sales and stablecoin volumes, Solana presents a compelling alternative to Ethereum.
Disclaimer: While Voice of Crypto endeavors to provide accurate information, readers are encouraged to conduct their own research and exercise caution due to the volatile nature of cryptocurrencies. We disclaim liability for any missing or inaccurate information.
#ETHPrice #SOL #Ethereum #solana #Ethereum2024
๐ ETH has reached $2,400, marking its highest point in 1 year and 7 months. ๐๐ฐ #EthereumWhales #ETHPrice #CryptoNews๐๐ฐ๐ซ
The cryptocurrency of Vitalik Buterinโs mother increased in price by 3 times in one day โ the value of Metis reached $400 million
Natalya Amelina intends to spend part of the money of the fund entrusted to her to pay bonuses to the best startups in the Metis ecosystem.
Sometimes it seems like we know almost everything about rich and famous people.ย The press tells a short biography where the success story is more like a fairy tale, and numerous interviews suggest that anyone can become a billionaire.ย Tales often appear about the so-called garage, where current billionaires made their first capital.
In fact, it turns out that behind every billionaire there are millions of investments, and most often support comes from relatives.ย Agree that persuading your uncle or aunt to give you a couple of tens or even hundreds of millions of dollars to implement an insane plan is a difficult matter.ย But if you donโt have wealthy relatives, it will be much more difficult to break through.ย An example is Elon Musk, who received authorized capital from his parents.ย But sometimes reverse processes occur, which is what we will talk about today.ย
All our readers know Vitalik .ย This is a rather interesting personality, and he himself quickly and easily achieved recognition and success.ย Not that his case is unique, but the guy really put in a lot of effort.ย The founder of Ethereum often appears in public, where he gives interviews, shares valuable knowledge with listeners and generally loves the press.ย At the same time, he also maintains his own blog, although recently interest in his project has dropped a little.
It seems that at some point his mother came to the bored Vitalik and asked him to come up with an interesting case for her.ย No sooner said than done.ย Let's not dig too deep, because the most interesting thing is in the numbers.ย So, Natalya Amelina is one of those who created the Metis (METIS) cryptocurrency.ย She is part of a team of several people and has significant weight in key decisions.ย
#ETHPrice ย #metis ย #ETHM ย #Ethereum2025 ย #VitalikButerin
$ETH
Natalya Amelina intends to spend part of the money of the fund entrusted to her to pay bonuses to the best startups in the Metis ecosystem.
Sometimes it seems like we know almost everything about rich and famous people.ย The press tells a short biography where the success story is more like a fairy tale, and numerous interviews suggest that anyone can become a billionaire.ย Tales often appear about the so-called garage, where current billionaires made their first capital.
In fact, it turns out that behind every billionaire there are millions of investments, and most often support comes from relatives.ย Agree that persuading your uncle or aunt to give you a couple of tens or even hundreds of millions of dollars to implement an insane plan is a difficult matter.ย But if you donโt have wealthy relatives, it will be much more difficult to break through.ย An example is Elon Musk, who received authorized capital from his parents.ย But sometimes reverse processes occur, which is what we will talk about today.ย
All our readers know Vitalik .ย This is a rather interesting personality, and he himself quickly and easily achieved recognition and success.ย Not that his case is unique, but the guy really put in a lot of effort.ย The founder of Ethereum often appears in public, where he gives interviews, shares valuable knowledge with listeners and generally loves the press.ย At the same time, he also maintains his own blog, although recently interest in his project has dropped a little.
It seems that at some point his mother came to the bored Vitalik and asked him to come up with an interesting case for her.ย No sooner said than done.ย Let's not dig too deep, because the most interesting thing is in the numbers.ย So, Natalya Amelina is one of those who created the Metis (METIS) cryptocurrency.ย She is part of a team of several people and has significant weight in key decisions.ย
#ETHPrice ย #metis ย #ETHM ย #Ethereum2025 ย #VitalikButerin
$ETH
Vitalik Buterin gave 4 financial advices:
โซ๏ธDiversification is good.
โซ๏ธSave. Get to the point where you have enough to cover multiple years of expenses. Financial safety is freedom.
โซ๏ธBe boring with most of your portfolio.
โซ๏ธDon't use >2x leverage. Just don't.
https://twitter.com/VitalikButerin/status/1743991285214527532
#advice #ETHPrice #VitalikButerin
โซ๏ธDiversification is good.
โซ๏ธSave. Get to the point where you have enough to cover multiple years of expenses. Financial safety is freedom.
โซ๏ธBe boring with most of your portfolio.
โซ๏ธDon't use >2x leverage. Just don't.
https://twitter.com/VitalikButerin/status/1743991285214527532
#advice #ETHPrice #VitalikButerin
Bears when they remember they sold $ETH at $1000
#ETHETFsApproved #ETHSurge #ETHPrice #EthereumETF #TrendingTopic
#ETHETFsApproved #ETHSurge #ETHPrice #EthereumETF #TrendingTopic
**๐ Whale Call Options as ETH Price Rises**: Greeks.live, a cryptocurrency options analysis company, has noted two large-scale call option purchases with an exercise price of $3,000, totaling $34 million, as Ethereum's price rises. They caution that as the market enters the Christmas holiday period, liquidity may decrease, potentially leading to sudden price fluctuations. Traders are advised to be cautious. ๐๐ #EthereumOptions #CryptocurrencyAnalysis #ETHPrice
Binance's new CEO Richard Teng posted a photo with Vitalik Buterin, who visited the exchange's office. The more I look at Vitalik's photo, the more I am convinced that the movie "Men in Black" is based on real events ๐
GBTC still overtook (https://twitter.com/JSeyff/status/1752081949470986329) IBIT in trading volume yesterday, and a total of 120,000 BTC or $5 billion has already been withdrawn from the Grayscale ETF. But investors are happy that BlackRock and Fidelity for two are not far behind Grayscale and believe that after selling all comers in GBTC, new money will continue to enter the crypto market via ETFs ๐ธ
BTC is locally in an uptrend at 4H and is one step away to move into a sideways $40k - $45k at 1D. The bears are already getting worried, although their $35k downside idea could still become a reality. The market just never does what most people expect ๐
#BinanceWish #Buterin #BTCtraders #BTCETF #ETHPrice
GBTC still overtook (https://twitter.com/JSeyff/status/1752081949470986329) IBIT in trading volume yesterday, and a total of 120,000 BTC or $5 billion has already been withdrawn from the Grayscale ETF. But investors are happy that BlackRock and Fidelity for two are not far behind Grayscale and believe that after selling all comers in GBTC, new money will continue to enter the crypto market via ETFs ๐ธ
BTC is locally in an uptrend at 4H and is one step away to move into a sideways $40k - $45k at 1D. The bears are already getting worried, although their $35k downside idea could still become a reality. The market just never does what most people expect ๐
#BinanceWish #Buterin #BTCtraders #BTCETF #ETHPrice
As for $ETH , although it shows local weakness, it still looks more interesting in the medium term, and the formation of SMT confirms it.
The $BTC -> $ETH cycle started as expected. It will slowly play out in the long term.
#ETHPrice #Ethereum2025 #TradeNTell #trading #TradeSignal
The $BTC -> $ETH cycle started as expected. It will slowly play out in the long term.
#ETHPrice #Ethereum2025 #TradeNTell #trading #TradeSignal
๐ Ethereum Price Prediction 2024: Can ETH Reach $10,000? ๐๐ฐ
As Ethereum (ETH) recently surpassed the $2,200 mark, outperforming Bitcoin, the crypto community is buzzing with excitement. The question on everyone's mind: Could Ethereum be gearing up for a monumental surge, possibly hitting $10,000 in 2024? Let's delve into the details of this Ethereum price prediction.
1. Recent Performance and Market Overview:
As of now, Ethereum is priced at $2,246.13, boasting a 24-hour trading volume of $38.32 billion and a market cap of $269.95 billion. Holding a market dominance of 16.18%, ETH has experienced a 0.48% increase in the last 24 hours, with a 4.42% decrease in the past seven days. Notably, Ethereum's trajectory has consistently outpaced that of Bitcoin, sparking optimism among investors.
2. Historical Price Movements:
Examining Ethereum's historical performance, it reached its highest price of $4,867.17 on November 10, 2021, and its lowest price was recorded at $0.420897 on October 21, 2015. Currently trading above its cycle low of $897.01, Ethereum's highest price since the last cycle low reached $2,448.66. The sentiment is currently neutral, with the Fear & Greed Index registering 72 (Greed).
3. Supply Dynamics and Market Ranking:
With a circulating supply of 120.18 million ETH, Ethereum's current yearly supply inflation rate is -1.79%. It's worth noting that -2.19 million ETH were created in the last year. Ethereum holds the top position in the Proof-of-Stake Coins sector and is ranked second in the Layer 1 sector by market cap.
๐ฎ What Lies Ahead for Ethereum in 2024?
While the sentiment is currently neutral, the potential for Ethereum to hit $10,000 in 2024 is a topic of keen interest. As market dynamics evolve, keeping a close eye on Ethereum's performance and developments in the crypto space will be crucial for investors.
๐ For real-time updates and expert insights, stay tuned with The Blockopedia!
#Ethereum2024 #EthereumPriceAnalysis #ETHPrice #cryptocurrency #crypto2024
As Ethereum (ETH) recently surpassed the $2,200 mark, outperforming Bitcoin, the crypto community is buzzing with excitement. The question on everyone's mind: Could Ethereum be gearing up for a monumental surge, possibly hitting $10,000 in 2024? Let's delve into the details of this Ethereum price prediction.
1. Recent Performance and Market Overview:
As of now, Ethereum is priced at $2,246.13, boasting a 24-hour trading volume of $38.32 billion and a market cap of $269.95 billion. Holding a market dominance of 16.18%, ETH has experienced a 0.48% increase in the last 24 hours, with a 4.42% decrease in the past seven days. Notably, Ethereum's trajectory has consistently outpaced that of Bitcoin, sparking optimism among investors.
2. Historical Price Movements:
Examining Ethereum's historical performance, it reached its highest price of $4,867.17 on November 10, 2021, and its lowest price was recorded at $0.420897 on October 21, 2015. Currently trading above its cycle low of $897.01, Ethereum's highest price since the last cycle low reached $2,448.66. The sentiment is currently neutral, with the Fear & Greed Index registering 72 (Greed).
3. Supply Dynamics and Market Ranking:
With a circulating supply of 120.18 million ETH, Ethereum's current yearly supply inflation rate is -1.79%. It's worth noting that -2.19 million ETH were created in the last year. Ethereum holds the top position in the Proof-of-Stake Coins sector and is ranked second in the Layer 1 sector by market cap.
๐ฎ What Lies Ahead for Ethereum in 2024?
While the sentiment is currently neutral, the potential for Ethereum to hit $10,000 in 2024 is a topic of keen interest. As market dynamics evolve, keeping a close eye on Ethereum's performance and developments in the crypto space will be crucial for investors.
๐ For real-time updates and expert insights, stay tuned with The Blockopedia!
#Ethereum2024 #EthereumPriceAnalysis #ETHPrice #cryptocurrency #crypto2024
$ETH UP, BUT WHY? ๐ค
Ethereum has a large and active developer community, as well as a significant user base. This network effect contributes to Ethereum's value proposition, as it boosts the probability of broad adoption and utilization of the platform. More are the people adopting $ETH and more fees are generated. That's the main reason behind its significant price increase. In fact, after examining the blockchain data, we can observe that in the last 7 days, $ETH has generated $84 million in fees. Actually, Ethereum has just outperformed all the others chains. Take a look
#EthereumCommunity #cryptoadoption #BlockchainTechnology #ETHPrice #fees
Ethereum has a large and active developer community, as well as a significant user base. This network effect contributes to Ethereum's value proposition, as it boosts the probability of broad adoption and utilization of the platform. More are the people adopting $ETH and more fees are generated. That's the main reason behind its significant price increase. In fact, after examining the blockchain data, we can observe that in the last 7 days, $ETH has generated $84 million in fees. Actually, Ethereum has just outperformed all the others chains. Take a look
#EthereumCommunity #cryptoadoption #BlockchainTechnology #ETHPrice #fees
$ETH ETF APPROVAL MAY ANTICIPATE THE ALTSEASON ๐จ & Here Is Why ๐
SEC has finally approved 8 spot Ethereum ETFs! That's a big change influenced by the new the political attitudes. Politicians understood that supporting some specific digital assets will set U.S as a leader in financial technology and innovation. That's a positive move for Ether it's now considered a commodity (and not a security anymore) and it will potentially attract new capital from institutionals and retail investors. Some analysts predict that ETH could reach $10k if the launch of the spot ETH ETFs is as successful as the launch of the spot Bitcoin ETFs. Major firms like VanEck, BlackRock and Fidelity may will play again the biggest role!
Overall, in my opinion, this approval is a bullish event that will fuel the current status of the crypto market. Usually, regulatory approvals boost the confidence among investors that before were hesitant in risking their money. So they may now allocate their funds into Ethereum and rise up its price. Keep in mind that the Ethereum blockchain is an ecosystem and consequently, all the projects build on top of it, will follow the trend. I won't be surprised if $OP , ARB & MATIC show themselves off soon! In fact, I will not miss to track the ETH/BTC pair because it often signal the onset of altseason!
For who may doesn't know, when Ethereum starts to outperform Bitcoin and thus causing the ETH/BTC ratio to rise, it often signals that investors are shifting their capital from Bitcoin to altcoins. This potentially indicate the beginning of the altseason!
Do You Think ETH Could Reach 10k After This Approval? ๐ค Let Me Know In Comments!
STAY TUNED! ๐ฅ & Remember, Your Support Is MASSIVELY Appreciated!๐๐ช - DYOR ๐ NFA.๐ค
#EthereumETF #EthereumPredictions #ETHPrice #altseason2024 #AltcoinInvesting
SEC has finally approved 8 spot Ethereum ETFs! That's a big change influenced by the new the political attitudes. Politicians understood that supporting some specific digital assets will set U.S as a leader in financial technology and innovation. That's a positive move for Ether it's now considered a commodity (and not a security anymore) and it will potentially attract new capital from institutionals and retail investors. Some analysts predict that ETH could reach $10k if the launch of the spot ETH ETFs is as successful as the launch of the spot Bitcoin ETFs. Major firms like VanEck, BlackRock and Fidelity may will play again the biggest role!
Overall, in my opinion, this approval is a bullish event that will fuel the current status of the crypto market. Usually, regulatory approvals boost the confidence among investors that before were hesitant in risking their money. So they may now allocate their funds into Ethereum and rise up its price. Keep in mind that the Ethereum blockchain is an ecosystem and consequently, all the projects build on top of it, will follow the trend. I won't be surprised if $OP , ARB & MATIC show themselves off soon! In fact, I will not miss to track the ETH/BTC pair because it often signal the onset of altseason!
For who may doesn't know, when Ethereum starts to outperform Bitcoin and thus causing the ETH/BTC ratio to rise, it often signals that investors are shifting their capital from Bitcoin to altcoins. This potentially indicate the beginning of the altseason!
Do You Think ETH Could Reach 10k After This Approval? ๐ค Let Me Know In Comments!
STAY TUNED! ๐ฅ & Remember, Your Support Is MASSIVELY Appreciated!๐๐ช - DYOR ๐ NFA.๐ค
#EthereumETF #EthereumPredictions #ETHPrice #altseason2024 #AltcoinInvesting
๐ The most active $ETH options on #Deribit in the past 24 hours show a rise in put options, indicating a demand for downside protection.
๐ Etherโs price has dropped over 4.1% in the same period.
#ETHPrice #Ether #ETHOptions #TrendingTopic
๐ Etherโs price has dropped over 4.1% in the same period.
#ETHPrice #Ether #ETHOptions #TrendingTopic
